London property specialist, Capital and Counties Properties, may be nearer to being able to develop its Earls Court and Olympia Estate.
The Royal Borough of Kensington and Chelsea has now adopted something called the "Supplementary Planning Document". In council-speak this is the policy framework which will be used to consider the Earls Court Masterplan developed by the architect Sir Terry Farrell.
The adoption by Kensington and Chelsea follows a similar decision by Hammersmith and Fulham council earlier this week.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Capital and Counties' shares have risen 21% in the last year.
BS
-
Parental contributions to kids' university living costs could reach £14,000 a yearParents helping kids with university living costs face contributions of up to £14,000 per year, according to a report from HEPI and TechnologyOne.
-
Rightmove: property asking prices hit record highNews Rising demand for top of the ladder home is boosting asking prices, Rightmove research shows. Is now a good time to sell a property?
